LUXCORE Masternode: Reward, ROI, Price and Technical Setup Guide

LUXCORE

LUXcore masternode description

Luxcore aims to bring the usage of blockchain to the mainstream. It will build a connection between normal consumers and enterprises. This will happen with a parallel system invention, which will provide a private network for business on top of the existing masternode feature for the public one. A LUX masternode is a fully dedicated server adding an additional layer of stability and two additional levels of functionality to the network.

LUXcore masternode minimum requirements

The VPS must be with a static IP address. In case your provider doesn’t offer such service

The masternode must always be online. Turning the PC, with which you lock the collateral, on and off is not a problem

For setting up a VPS Linux CLI masternode you need 1 CPU and at least 1GB of RAM

The storage space for the whole blockchain, which grows with every new block, must be minimum 20GB

How to set up a LUXcore masternode

Choose a provider. Make sure you’ve set up a static IP. Select the needed CPUs, memory and storage configurations. Attaching your IP to the VPS can be offered as an additional paid work or as a part of the selected VPS service package

Connect the set-up Operating System to the Virtual Private Server. Do that using any SSH software terminal to remotely connect both everything. A good example of such an open source with high-quality is the PuTTy

Install the official LUX wallet. You can host a masternode only with it after you’ve made a collateral of 16,200 LUX

Send 16,200 LUX to the masternode wallet. The sum must be an exact much – no more or less. Use an exchange or another wallet to send the collateral there, after configuration is done

Check if the LUXCoin masternode works properly by starting it from the LUX core wallet. DO that in two ways – using commands in the CLI version or through a Debug console window in the GUI version

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